Here are the core differences between an entrepreneur and a small business owner. A lot people think those terms are interchangeable but they are not. An entrepreneur is someone who is looking for a short term business creation so they can create a successful business, sell it and then move on to the next business opportunities. They are looking for the high risk/high return. Small business owners are typically in it for the long run. It is often a lifestyle or family business. They choice between the two is often what best suits you.